Geopolitics Unscripted: The Digital Euro in a Fragmenting World — Ensuring Europe’s Resilience and Autonomy in Payments
The Stockholm School of Economics in Riga and Latvijas Banka invite you to a public lecture by Piero Cipollone, Member of the Executive Board of the European Central Bank, titled “The Digital Euro in a Fragmenting World: Ensuring Europe’s Resilience and Autonomy in Payments.”
The event will be opened by Kata Fredheim, Vice President of SSE Riga, and Mārtiņš Kazāks, Governor of Latvijas Banka. Following the lecture, Mārtiņš Kazāks will moderate a discussion with the audience.
The European Central Bank and the national central banks of the euro area are working on a digital euro to complement cash as our lives increasingly go digital. The digital euro would offer a European digital payment solution built on European infrastructure.
It would allow Europeans to pay throughout the euro area, wherever digital payments are accepted, both online and offline, while respecting the highest privacy standards.
The digital euro would not only increase convenience for users, lower fees for merchants and allow European private payment solutions to scale up more easily. In a world where dependencies can be weaponised, it would also support Europe’s resilience and autonomy in payments, which are crucial for the smooth functioning of the economy.
Piero Cipollone has been a member of the Executive Board of the European Central Bank since 1 November 2023.
Mr Cipollone is responsible for international and European relations, market infrastructure and payments, and banknotes. He chairs the Eurosystem High-Level Task Force on the Digital Euro, the Euro Retail Payments Board and the Euro Cyber Resilience Board for pan-European Financial Infrastructures.
Before joining the ECB, Mr Cipollone was Deputy Governor of the Banca d’Italia and a member of the Board of the Italian Institute for the Supervision of Insurance. He previously served as an Executive Director on the Board of the World Bank Group.
Mr Cipollone graduated with honours in economics from the Sapienza University of Rome. He holds a Master of Arts in economics from Stanford University and was a visiting scholar at the economics department of the University of California, Berkeley. Mr Cipollone is the author of several books. His papers have been published in international journals such as the American Economic Review, the Journal of the European Economic Association and the Journal of Policy Modeling.
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